The Executive Vice President, Upstream, NNPC Ltd, Mrs. Oritsemeyiwa Eyesan, has called on African countries to collaborate with one another in order to ensure even distribution of energy resources,
Speaking during a panel session entitled “What are the Choices for Upstream Strategies? at the ongoing 2024 CERAWeek Conference in Houston, USA on Tuesday, Eyesan stated that collaboration is key since not all the countries in the region are endowed with equal proportion of energy resources.
“For us to ensure that we continue to subsist within the region, we must be willing to work collaboratively and ensure that there is even distribution of energy resources we have across the sub-region,” she said.
Eyesan reiterated the commitment of the NNPCL to utilize Nigeria’s abundant gas resources to trigger its industrialisation and economic development.
She noted that the NNPC Ltd plans to deepen gas utilization domestically for industrialization and ensure that the entire country feels and optimizes the use of the resource.
According to her, the NNPCL is vigorously opening avenues for infrastructural gas development through various gas projects spread across the country.
“Our focus is how do we move from predominantly oil player to gas player and not just for gas for the sake of gas, but gas for power generation, and for industrialization, “she stated.
Eyesan disclosed that the NNPC Ltd is also focused on emission reduction and gas flare-out. “We want to capture all gas flared, utilize it for domestic use and ultimately, increase our energy transition footprints,” she said.
“NNPC is keying into the government’s agenda of using gas as a transition fuel and for us, we want to ensure not only the domestic gas market, but we also expand that to the region and internationally,” she said.
Speaking on energy transition, Eyesan stated that the subject has evolved over the years and that for Sub-Saharan Africa, the narrative has been on how to address the energy poverty issue, while for Nigeria, the NNPCL.will continue to look at areas where it has competitive advantage to define the strategy.
GIK/APA
African countries urged to collaborate in energy resources distribution
